Monday, December 23, 2024

Empower Launches Comprehensive Suite of New Retirement Income Solutions

2024-03-21  |  advice retirement 

... n supplying income in retirement. Just six in 10 Americans are confident their savings and investments will last until age 90....

End-to-End, Third-Party Operating Models Deployed by Wealth and Asset Managers Are Transforming the Industry

2023-06-01 15:00:00  |  asset management 

... ice and operations functions to gain operating leverage and focus more internal resources on core activities. Wealth and asset managers see benefits ranging from serving more end clients to operating direct-to-consumer models at low cost. The report indicates the potential to realize operating cost savings of up to 30% compared with more traditional approaches.Pursuing a "best-of-breed" approach for institutions with significant existing capabilities. This may allow for the selection of specific solutions from different vendors depending on the use case and layer of the technology stack, givin...

Inflation Causing Stress and Anxiety

2022-08-09 12:00:00  |  economy inflation 

... improves. Now is the time to consult a financial advisor if you need help managing the uncertainty. Source: State Street ...

Fidelity Launches Bitcoin Offering for 401(k) Accounts

2022-04-26 12:10:00  |  crypto retirement 

... l offering: Fidelity Digital AssetsSM, a platform that offers custody and trade execution for digital assets to institutional investors. In 2020, Fidelity’s digital asset management business launched a private bitcoin fund that is currently available to accredited investors. “As a leader in digital assets, we are thrilled to be the first to offer employers exposure to bitcoin for the core lineup of 401(k)s that reflects our commitment to meeting their evolving needs and our belief in the promise of blockchain technology for the financial industry’s future,” said Dave Gray, Head of ...

Retirees Spending Significantly More Than Expected in Early Years of Retirement

2021-10-21 12:00:00  |  retirement 

... s with more than 1.4 million participants1. Retiree spending data comes from more than five million de-identified JPMorgan Chase Bank, N.A. (Chase) households. Source: J.P. Morgan Asset Management...

Growing ESG Use By Advisors Driven By Investor Demand

2021-04-19 12:00:01  |  ESG investing 

... ss the demand for these products." The "New Normal" For Advisor-Wholesaler Relationships On average, advisors maintain 48% of their AUM with their top-five asset management firms. However, 28% of advisors are very open to adding new asset managers, identifying an opportunity for asset managers to uncover new ways to showcase their value, win over prospects and retain AUM. A quarter of advisors (25%) plan to engage with external wholesalers more in 2021 and 70% of advisors say that an external wholesaler is one of their top-three most preferred methods of engaging with an asset manager...

Black Americans Continue to Trail Their White Counterparts in Building Wealth

2021-02-25  |  investing demographics 

... ed to 2020, 60 percent of Black Americans say they feel their situations will improve, compared to only 40 percent of white Americans who felt the same way. Source: Charles Schwab/Ariel Investments...

Growing Consumer Preference for Financial Advisors of Similar Demographic

2020-06-25 09:26:29  |  advice 

... e initiatives. However, we believe firms of all types can play a role in expanding diversity in the industry through activities that are tailored and scaled to each practice.” Source: FlexShares...